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Showing 11 - 20 of 437 results for "TPD"

Leigh Watson caps four decades in industry

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... savings to customers," he said, adding that uncertainty of claims costs for disability products, both income protection and TPD, remains the biggest challenge for the industry. As for super funds, Watson stated health and wellness strategies are also ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
Almost all Cbus members will see their death and TPD premiums drop next month, however most of the fund's older members will pay more. Premiums will rise from August 26, members were told, with the industry fund saying the increase for older members ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... client move to a new superannuation fund after being cold called to do so. Mr. M failed to consider the client's life, TPD and income protection policy in the prior super fund when recommending the switch in the SoA. Furthermore, Mr. M recommended ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
... the smallest saving is still 11.5%. TelstraSuper has also secured another three years of "competitive rates" for death and TPD cover, it said. TelstraSuper head of insurance and claims Fiona La Greca described it as a great outcome for members. "As a ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... Australia, saying that it negotiated 10 policy changes to the benefit of members and at no extra cost. Changes to death and TPD cover include replacing the two-year pre-existing condition exclusion with 30 consecutive days of employment from start of ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... pricing. Meanwhile, the fund is also increasing its insurance premiums quite significantly. For male members, standard death and TPD Assist premiums will increase an average of 26.6%. Those with optional income protection cover will see an increase of ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... statistics, in 2021, approximately 8.6 million Australians had death cover, while around 7.7 million had total permanent disability (TPD) cover, and about 3.9 million had temporary disability income replacement insurance through group insurance arrangements ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... ranging from 90% to 98%, with an average duration of around one month. On the other hand, for total and permanent disability (TPD) claims, Qinsure had the highest percentage of finalised claims (25.4%) within a two-week timeframe, followed by Hannover ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
Members of the nation's largest superannuation fund will soon see the cost of their death and TPD cover drop. About 97% of AustralianSuper's insured members will receive a premium reduction across death, total and permanent disability, and some income ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... way they explain insurance offerings to members, which is much more user-friendly. She said: "Some also included a death, TPD, and income protection claims guide to help members, that's all good stuff." However, there is still room for improvement. ...